Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

The question is: An economist said, "Since the consumer is sovereign, and consumption is the end purpose of all production, therefore the economy is consumer driven, and do what we can to stimulate consumption. Production will then follow." Are there any flaws in this economist's logic? Which should government promote first-consumption or production? Or neither?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92744834
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Business Economics

What is the result of a price ceiling and why do some

What is the result of a price ceiling? And why do some consumers tend to favor price ceilings and others tend to oppose it?

In random sampling why is cluster sampling an example of

In random sampling, why is cluster sampling an example of probability sampling?

1 out-of-state tuition and fees at the top graduate schools

1. Out-of-state tuition and fees at the top graduate schools of business can be very expensive, but the starting salary and bonus paid to graduates from many of these schools can be substantial. The following data show t ...

Think about anbsppopulation meannbspthat you may be

Think about a population mean that you may be interested in and propose a hypothesis test problem for this parameter. Gather appropriate data and post your problem and solution in the discussion topic. For example, you m ...

An ice cream vendor sells three flavors chocolate

An ice cream vendor sells three flavors: chocolate, strawberry and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavor. Sales are by the cone or the cup. The percentages of con ...

Discuss how organizations can use their private power for

Discuss how organizations can use their "private power for public good"?

The dow jones industrial average has had a mean gain of 432

The dow jones industrial average has had a mean gain of 432 per year with a standard deviation of 72. a random sample of 40 years is selected. What is the probability that the mean gain for the sample was between 200 and ...

A suppose that for a given year national saving in a

a. Suppose that, for a given year, national saving in a country (an open economy) equals 100, private consumption equals 50, and government consumption equals 20. What is the level of output in this country in this year? ...

If the market for a good is operating in the inelastic

If the market for a good is operating in the inelastic range of market demand. Which of the two policy that follow is more effective when handling (technical) externalities: Cap-and-trade or emissions fee?

What is the example of social behavior or a social

What is the example of social behavior or a social situation that seems inconsistent with the fundamental presupposition, and why this example could be inconsistent?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As